Brokerages Anticipate Qurate Retail Inc Series A (QRTEA) Will Post Quarterly Sales of $3.25 Billion

Brokerages expect that Qurate Retail Inc Series A (NASDAQ:QRTEA) will announce sales of $3.25 billion for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Qurate Retail Inc Series A’s earnings. The lowest sales estimate is $3.23 billion and the highest is $3.26 billion. Qurate Retail Inc Series A posted sales of $3.23 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 0.6%. The business is scheduled to report its next earnings results after the market closes on Thursday, May 9th.

According to Zacks, analysts expect that Qurate Retail Inc Series A will report full-year sales of $14.22 billion for the current financial year, with estimates ranging from $14.20 billion to $14.25 billion. For the next financial year, analysts anticipate that the company will post sales of $14.53 billion, with estimates ranging from $14.43 billion to $14.62 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Qurate Retail Inc Series A.

Qurate Retail Inc Series A (NASDAQ:QRTEA) last issued its quarterly earnings data on Wednesday, February 27th. The company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.19). The company had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $4.40 billion. Qurate Retail Inc Series A had a return on equity of 15.39% and a net margin of 4.79%. The firm’s revenue was down 1.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.42 EPS.

QRTEA has been the topic of a number of analyst reports. Zacks Investment Research downgraded shares of Qurate Retail Inc Series A from a “hold” rating to a “sell” rating in a research report on Thursday, January 17th. Bank of America downgraded shares of Qurate Retail Inc Series A from a “buy” rating to an “underperform” rating in a report on Thursday, February 28th. ValuEngine downgraded shares of Qurate Retail Inc Series A from a “sell” rating to a “strong sell” rating in a report on Thursday, February 28th. DA Davidson dropped their target price on shares of Qurate Retail Inc Series A to $25.00 and set a “buy” rating on the stock in a report on Friday, March 1st. Finally, Citigroup upgraded shares of Qurate Retail Inc Series A from a “sell” rating to a “buy” rating and lifted their price objective for the company from $19.00 to $21.00 in a report on Friday, March 8th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $26.63.

Institutional investors have recently made changes to their positions in the company. Dodge & Cox raised its stake in Qurate Retail Inc Series A by 35.3% in the third quarter. Dodge & Cox now owns 52,572,349 shares of the company’s stock valued at $1,167,632,000 after purchasing an additional 13,722,089 shares in the last quarter. Norges Bank bought a new stake in shares of Qurate Retail Inc Series A during the fourth quarter worth about $74,476,000. Oregon Public Employees Retirement Fund grew its holdings in shares of Qurate Retail Inc Series A by 2,384.3% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,677,510 shares of the company’s stock worth $86,000 after purchasing an additional 1,609,986 shares during the last quarter. Metropolis Capital Ltd bought a new stake in shares of Qurate Retail Inc Series A during the fourth quarter worth about $29,166,000. Finally, South Texas Money Management Ltd. bought a new stake in shares of Qurate Retail Inc Series A during the fourth quarter worth about $19,418,000. 87.97% of the stock is owned by institutional investors.

Shares of NASDAQ QRTEA traded down $0.13 during mid-day trading on Tuesday, hitting $16.78. The company’s stock had a trading volume of 1,854,278 shares, compared to its average volume of 2,977,216. The firm has a market capitalization of $7.30 billion, a PE ratio of 9.02 and a beta of 0.96. The company has a current ratio of 1.06, a quick ratio of 0.69 and a debt-to-equity ratio of 1.04. Qurate Retail Inc Series A has a one year low of $15.80 and a one year high of $25.72.

Qurate Retail Inc Series A Company Profile

Qurate Retail, Inc, through its subsidiaries, engages in the video and online commerce industries in North America, Europe, and Asia. The company markets and sells various consumer products primarily through live video programs, Websites, and mobile applications to 404 million households worldwide each day.

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Earnings History and Estimates for Qurate Retail Inc Series A (NASDAQ:QRTEA)

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